We bought our principal residence last summer in my name and that of my husband, and we need to redo the roof (likely $30k). Should we transfer ownership of our residence to a LLC and discount this roof as an expense? 

I currently live in a small (1100 sq foot) 2 bedroom towhouse in the suburbs (Concord, CA). I purchased it a little over 2 years ago for $275,000 and it could sell right now for about $330,000 - $350,000. The market i...

Hello. I’ve only had my Pro membership for a few months now. Not convinced it’s worth $390/yr and want to cancel before it auto renews. If I cancel it now will I still get the full year I’ve paid for before I lose acc...

I'm in the northwest suburbs of Chicago and this was my first rehab / flip.I'm not happy that I'm losing money on this one, but I learned SO much from it.  I will probably lose about 12k on this one, depends on closin...

Hey everyone,

I need your opinions...
I am in a sandwich lease option deal. I am the meat or middle man in this deal. The owner of the property needs out. He needs the money or may go bankrupt and we all lose the p...

I spoke with my attorney this afternoon, and he told me that Illinois is about the pass laws that will "crack down" on self directed IRAs and require private lenders to be certified.  Has anyone else heard about this?

Hey, I invested back in July in array apartments fund. I'm worried, I was told to wait 6 months for distributions and we are now heading into May and $0 has been distributed. I came here to see if anyone else has inve...

In this market we all must look for ways to one up our competitive bids without changing the underwriting and lowering investor returns. I was meeting with several brokers this past week. One of them mentioned that ma...

Greetings BPers,I have another post outlining my decision to sell my 2/2 condo. A majority of BPers said sell and get another property (in short it was not cash flowing as much as I expected and a few water leaks last...

I had a potential client who said his brother had their mother sign the deed of the family owner house over to him while their mother was dying of breast cancer.  The family also owner property in other areas of the s...